ch02 - In-Class Assignment

ch02 - In-Class Assignment - Heart Year transplants 1 45 2...

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OPER1401 Operations Management I Forecasting In-class Exercise Please answer the following questions. Show all your work on the sheets provided. 1. Forecast using Exponential Smoothing with a smoothing constant = .35 Heart Absolute Year transplants Forecast Error 1 45 41 2 50 3 52 4 56 5 58 6 63 M.A.D. = 2. Forecast using Exponential Smoothing with a smoothing constant = .8 Heart Absolute Year transplants Forecast Error 1 45 41 2 50 3 52 4 56 5 58 6 63 M.A.D. = 3. Forecast using a 3 Year Moving Average Heart Absolute Year transplants Forecast Error 1 45 2 50 3 52 4 56 5 58 6 63 M.A.D. = Weights 4. Forecast using a 3 Year Weighted Moving Average P1 = 6 P2 = 3 Heart Absolute P3 = 1
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Year transplants Forecast Error 1 45 2 50 3 52 4 56 5 58 6 63 M.A.D. = 5. Forecast for periods 9 and 10 using a Trend Projection
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Unformatted text preview: Heart Year transplants 1 45 2 50 3 52 4 56 5 58 6 63 6. Using M.A.D. as the criterion, which of the first four forecasting methods is best? 7. Forecast using a Linear Regression (causal) model. You are the operations manager for a musical instrument distributor. You believe demand for drum sets may be related to the number of television appearances by the rock group Purple Haze. What will be your forecast for drum set sales if Purple Haze makes 9 television appearances this month? TV appearances Drum Sets sold 3 35 4 65 7 71 6 51 8 100 5 86...
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ch02 - In-Class Assignment - Heart Year transplants 1 45 2...

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